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Thu. Sep 11th, 2025
Trending News: Benue Constructs 1,080 Housing Unit Estate in MakurdiUmahi Decries East-West Road Slow Work Pace, Insists on Dec 15 DeadlineSokoto Approves N38.8bn Budget ReallocationDangote Cement Shareholders Receive  N3.3 Trillion Dividend in 15 yearsOgun Wins Sustainability Award at IATF 2025 in AlgiersOne Man Registers 5 Firms Within 48Hours, Secures Inflated N3.4Bn Nigerian Police Contracts Through 366 Payments, Supplying Sardines At ₦8,600 Per Tin, OthersOyebanji: No Division in Ekiti APCTinubu Orders Agric Ministry to Tackle Food Prices, as FG Launches Transport, Input ReformsOzekhome Faults Senate Over Continued Suspension of NatashaEXCLUSIVE: FCT Minister Nyesom Wike Travels To UK For Medical Attention, Four Years After Saying ‘No Need For Overseas Care’Gulf of Guinea Round-Table: Global CEOs, Top Diplomats, Ministers, Govs Meet in New YorkBREAKING: Bayelsa APC Social Media Chief Remanded In Prison For 30 Days Over Facebook Posts Against Governor Diri, Petroleum Minister, Police CommissionerSuspected Gunmen Kill 3 Police Officers in KogiPublisher Laments Increase in Tuition Fees, High Cost in Education SectorBREAKING: Sujimoto CEO Sijibomi Ogundele Denied Legal Access, Held With Restricted Access To Food And Water In EFCC Custody –SourcesNUPRC Approves 94 Decommissioning, Abandonment Plans, Total FDP Liabilities Hit $4.4bn in Two YearsUK Finance Institution, Firm Launch Facility to Advance Mini-grid Use in NigeriaIn Italy, NNPC Woos Investors, Highlights Prospects in Nigeria’s Energy SectorAfreximbank Launches New Entity to Promote Large-scale Trade in Value-added GoodsFCTA Demolishes 35 Illegal Structures at Abuja’s River Park Estate$48bn Deals Closed At Record-breaking Algiers IATF 2025Shettima Hails Uba Sani for Pioneering State Skills Council, Urges Others to Follow Kaduna’s LeadINEC Formally Recognises David Mark-led ADC LeadershipCLIMATE CHANGE AND GROWING IMPACT ON RURAL COMMUNITIESAGONY OF A MOTHERWORKERS AND RIGHT TO SHELTERHow CBN Reforms, Stable Economy is Opening Domestic Markets for FDI inflowsAffirming Promotion of Oral Hygiene, Dental CareBREAKING: Three Hospitalised After Suspected APC Thugs Attack ADC Meeting In OndoBREAKING: Trump Ally Charlie Kirk Shot In Utah University Event IS DeadBREAKING: Trump Ally Charlie Kirk Shot In Utah University ShootingIn Paris, Tinubu Reviews Nigeria, France Bilateral Relations With President Macron2026: I’ll Rescue Osun from Stagnation, Nepotism , Hypocrisy If Elected Gov, Says OmisoreSterling HoldCo Builds On Upward Trajectory With Robust Q42027: Former Kwara Speaker Advocates Inclusion of IREV in Electoral Act to Reduce RiggingPresidency: We’ll Remove All Hitches In Digital Payment, e-Commerce, Targets Quality Financial ServicesBREAKING: Nigerian Police Arrest Journalist Hassan Yelwa While Covering Shiite Maulid Procession In AbujaOsun 2026: Chairmen, Councillors Endorse OmisoreDrug Abuse: UNODC Trains 30 Kwara Teachers on PreventionNiMet Forecast Failure Puts Farming in Jeopardy in Kwara, Says Group2027: INEC, Stakeholders Decry Premature Political Campaigns In Nigeria Again, Nigeria’s Power Grid Collapses, Plunges 30 States into DarknessAnambra Para-military Agency Operatives Allegedly Kill Pregnant Woman, Three OthersOborevwori Waives N200m Fee, Delta, FG Partner on Housing DevtSkills Acquisition: Era Of Working In Isolation Over, Shettima Tells NCSBREAKING: Gunmen Kill Three Police Officers During Attack On Kogi CheckpointNigeria Needs Feasible Housing Policy to Tackle Deficit, Says Fendini CEOEXCLUSIVE: Nigerian Policemen Demand ₦300,000 Bribe To Release Eight-Month-Old Baby, Mother Held Since March In Suleja PrisonUNICEF Hands over Climate Resilience Health, Education Facilities to KanoTragedy as Diphtheria Claims 10 Lives in NigerSouth Africa’s Karavan Press Awarded CANEX Prize for Publishing Norrenberger Gets Best Workplace in Financial Services AwardU.S. Gives $32.5m Food Aid to Nigeria: Lifeline or Bandage?BREAKING: Terrorists Launch Midnight Attack On Kwara Community, Kill Resident As Governor Vacations AbroadAtoyebi Urges Tinubu’s Appointees to Empower People, not Chase WealthNatasha: Citing Pending Appeal Court Case, NASS Blocks Senator’s Resumption Despite Suspension ExpirationDSS Brokers Truce as Oil Workers Call Off Nationwide StrikeEdun, Oyedele Say No Plan to Implement 5% Fuel Surcharge in JanuaryAt CIBN Conference, Tinubu Urges Bankers to Boost Funding to Manufacturing Sector, Digital Innovations, OthersFirst Lady Grants N47m Scholarships, Laptops to 47 UndergraduatesShea Industry: Tinubu’s Bold Policy Will Drive Economic Renewal, Make Nigeria Global Leader, Says IdrisCAPPA Commends FG’s Health Tax PolicyRenewable Energy: Experts Call for Collaboration to Drive Adoption of New TechnologiesNigeria, Angola to Sign 15 MoUs As 5th Joint Commission Begins in LuandaAmnesty Programme Disowns Itsekiri Graduates of Novena Varsity2027: More Govs Will Join APC, Says YilwatdaRights Advocate Tasks Young Lawyers: Use Litigation to Demand Accountability from GovtIGP Applauds DEPOWA’s Full Scholarships for Children of Fallen HeroesAfreximbank, BOA Seal $1bn Deal for Nigeria’s Smallholder FarmersNGO to Empower 2,000 Frontline Health Workers in KatsinaAtiku: ADC Mission is to Defend Nigerians from Tinubu’s Anti-democratic ForcesAdire Teems Represents Nigeria at CANEX 2025 in AlgeriaCOAS, Lt. Gen Oluyede Visits Ogoja, Reassures on Better Welfare for Troops ​​How Kenechukwu Okafor is Impacting Society Through VolleyballParaquitom: Celebrating Your Life, Story, Legacy and Capturing Your Essence for Future GenerationsHow Tired Land, High Interest Loans Hamper Bountiful Harvest for Women FarmersFoursquare Church to Host 12th Annual Public Lecture on Poverty Alleviation, Economic DevtAFTER EKPA: BALLOTS, NOT BULLETSDEACTIVATING SOCIAL MEDIA ACCOUNTSAFMPN to Brainstorm on Harnessing Technologies for Smart Workplaces, CitiesNUPENG Suspends Strike, Sign Agreement With Dangote RefineryNEPC Equips Entrepreneurs with Export Skills at Lagos Mainland Trade FairShettima At NES Annual Summit, Describes Tinubu Govt’s Bold Reforms As Proof Of Political Will In Economic PolicyAs Hurricane Odey Sweeps Across the North, Leaving Trails of SweetnessPresidency: 70% Of Insecurity In N ‘Central States Solvable Through Non-kinetic MeansNBS, INEC Collaborate On Data CollationEXCLUSIVE: Tinubu Loyalists In Secret Meeting Involving Governor Vow To Attack, ‘Demobilise’ Sowore For Criticising ‘Their Leader’Suspected Bandits Kidnap APC Chairman’s Wife, Daughter in KwaraFRSC, KT-IRS to Establish Number Plate Manufacturing PlantEXCLUSIVE: Nigerian Police Spent N22million On 85 Cartons Of Cracker Biscuits For Personnel On OperationsLiteracy Day: Prospects Are High Towards Achieving SDG-4 in 2030, Says FGFlood: 545 Households Displaced in KadunaUNICEF Calls for Institutionalisation of National Social Register to Tackle  Poverty in NigeriaOyebanji: Ekiti Teachers Critical to Our Shared Prosperity AgendaSowore Writes Facebook, Urges Social Media Platform to Reject DSS’ Request for Ban, Deactivation of His AccountPIND Arts, Culture Initiative Promotes Peace in N’DeltaRSUTH Seek Collaboration for a Sustained Global Health PrioritiesBREAKING: INEC Workers Shut Offices In Kwara Council Areas Over Rising Attacks, KidnappingsHouse Confirms Discovery of Dead Body around N’Assembly ComplexWinners Emerge in LearnHistory Africa Kids Essay Competition
Thu. Sep 11th, 2025

NGX Suspends Eight Listed Companies over Market Infraction

Kayode Tokede 

For not submitting a full year ended December 31, 2023 result and accounts, the Nigerian Exchange Limited (NGX), yesterday disclosed that it has suspended eight listed companies.

The eight companies are: Guinea Insurance Plc, Lasaco Assurance Plc, Mutual Benefits Assurance Plc, NPF Microfinance Bank Plc, Regency Alliance Insurance Plc, Secure Electronic Technology Plc, Unity Bank Plc and C & I Leasing Plc.

The Head, Issuer Regulation Department, NGX Limited, Mr. Godstime Iwenekhai in a signed statement notified investing public that the suspension is based on the pursuant to Rule 3.1, Rules for filing of accounts and treatment of default filing.

The rule provides that: “If an Issuer fails to file the relevant accounts by the expiration of the Cure Period, the Exchange will send to the Issuer a “Second Filing Deficiency Notification” within two  business days after the end of the Cure Period; suspend trading in the Issuer’s securities; and notify the Securities and Exchange Commission (SEC) and the Market within 24 hours of the suspension.”

The noted that the suspension was effective Monday, 8 July 2024 on the eight for not filing their Audited Financial Statements for the year ended December 31, 2023:

“In accordance with the Default Filing Rules set forth above, the suspension of trading in the shares of the above mentioned companies shall be lifted upon the submission of the relevant accounts,” the statement added. 

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